$8,313 Closing Credit*
$700,000
3,100 SqFt
3 Beds
•3 Full Baths, 1 Partial
Tim Hardeman, Listing Office: Peachtree Property Residential
Is Paces, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Paces was a Seller's Market.
Key Takeaway
Paces is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Paces, GA
How much do homes in Paces, GA cost?
Median Sold Price
$1,150,000
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$735,010(+177.1%)
Key Takeaway
Homes in Paces have sold for 177.1% more than they did a year ago.
Summary: The median home sold price in Paces was $1,150,000 in October 2024, up 177.1% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $237.5K | -12.0% |
| 2 Bedrooms | $310K | $328.5K | +6.0% |
| 3 Bedrooms | $807.5K | $737.5K | -8.7% |
| 4 Bedrooms | $825K | $1.3M | +57.6% |
| 5+ Bedrooms | $1.3M | $2.3M | +72.0% |
Summary: Paces housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12%, 2 bedroom homes increased by 6%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 57.6%, and 5+ bedroom homes increased by 72%.
Housing Supply in Paces, GA
How many homes are available in Paces, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 30 | -6.3% |
Summary: The Paces real estate market had 30 homes for sale in October 2024, a 6.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 14 | 11 | -21.4% |
Summary: The Paces housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 21.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Paces, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Paces in October 2024, up by 33.3% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Paces, GA
How long does it take to sell a home in Paces, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 71 Days | +167.7% |
Summary: Homes in Paces had an average of 71 days on market in Oct 2024, up by 167.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Paces has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Paces; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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